TechTechCrunchabout 1 hour ago
Meta creates non-voting stock to pay tax
4 min read
Meta approved a new Class C non-voting stock class effective January to allow CEO Mark Zuckerberg to sell shares and pay up to $11 billion in California's proposed billionaire tax while retaining 60% voting control, a move that could generate $100 billion for the state over five years if voters approve Proposition 40.
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